by RH Advisors

Check Availability
$9,850,000
↓ $645K (6.1%)
House - For Sale

420 N Hibiscus Dr

Miami Beach, FL 33139
bedrooms
5 Beds
bathrooms
7 Baths, 1 Half Bath
square feet
5642 Sqft
$57,120
Estimated Monthly
$0
HOA / Fees
1.04%
Cap Rate

About This Property

Nestled in the guarded-gated, Hibiscus Island, this modern masterpiece, designed by Ralph Choeff is the epitome of Miami Beach lifestyle. The grand glass foyer w soaring 20 ceiling creates a seamless connection between the indoors & outdoor beauty. Interior features include elevator, Apple Smart Home, motorized window treatments & recessed lighting.The chef's kitchen is an epicurean delight, designed by Mia Cucina, featuring Wolf & Sub-Zero appliances. Primary suite is a sanctuary of luxury & comfort, w dual en suite bathrooms & closets. Enjoy breathtaking 360 views from the 600 sf rooftop terrace. *Also available for purchase, 405 N Hibiscus DR #203 including dock slip for $1M.
Unit Size
5,642Ft²
Days on Market
191 days
Land Size
0.24 acres
Price per sqft
$1,746
Property Type
House
Property Taxes
$8,754
HOA Dues
-
Year Built
2019
Listed By
Lourdes Alatriste
Lourdes Alatriste
Engel & Volkers Miami Coconut Grove
Last updated: 19 hours ago (Miami MLS #A11465146)

Price History

Date / Event Date Event Price
Apr 22, 2024 Price Decreased $9,850,000
↓ $645K (6.2%)
Price Decreased
Apr 8, 2024 Price Decreased $10,495,000
↓ $855K (7.5%)
Price Decreased
Oct 15, 2023 Listed by Douglas Elliman $11,350,000
Listed by Douglas Elliman
Mar 17, 2023 No longer available -
No longer available
Mar 17, 2023 Sold $7,500,000
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Circular Driveway, Covered, Driveway
Garage Spaces: 3
Covered Parking Spaces: 3
Interior Details

Bathroom Information

Half Bathrooms: 1
Full Bathrooms: 6
Master Bathroom Features: 2 Primary Bathrooms, Separate Tub & Shower

Bedroom Information

Bedrooms: 5
Bedroom Features: Primary Bath Shower, Primary Bath Tub, Primary Bedroom Upstairs, Sitting Area - Primary Bedroom

Interior Information

Interior Features: First Floor Entry, Den/Library/Office, Family Room, Utility/Laundry In Garage
Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Gas Range, Refrigerator, Self Cleaning Oven, Wall Oven, Washer
Flooring Type: Wood
Door Features: High Impact Doors
Laundry Features: In Garage

Room Information

Dining Room Features: Formal Dining
Living Room Features: Den/Library/Office, Family Room, Utility/Laundry In Garage

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Building Quality: D
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Rigid frame bar
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 10,387
  • Total Building Area: 6,298
  • Gross Building Area: 6,298
  • Building Area: 5,642
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,642
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HIBISCUS ISLAND RESUB
  • Land Acres: 0.239
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HIBISCUS ISLAND RESUB PB 34-87 LOT 3 BLK W LOT SIZE 10387 SQUARE FEET OR 16852-1020 0695 1

Ownership

  • Current Owner : 420 N HIBISCUS HOLDINGS LLC
  • Previous Owner : BOUZARI YUKI
  • Previous Owner 2: BOUZARI HEIGO
  • Owner Before Previous Owner: S & C 420 HIBISCUS LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI BEACH
  • Census Tract: 004102

Zoning

  • Zoning: 0100

Geography

  • Assessors Map Reference: 182
  • District: 02
  • Parcel: 02-3232-005-0540
  • Block: W
  • Lot: 3
  • Meridian: SEC 32 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.7851
  • Longitude: -80.1646

    Address

  • Full Address: 420 N Hibiscus Dr
  • Address - House Number: 420
  • Street Direction: N
  • Address - Street Name: Hibiscus
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 5126
  • Zip Code: 33139

Valuation

    Tax

  • Total Area: 4,933
  • Tax Year: 2023
  • Tax Amount: $108,698
  • Intital Tax Deliquent Year: 2012
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1871
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 7,872,368
  • High Value: 9,345,890
  • Low Value: 6,398,846

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $5,250,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Jul 12, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $5,250,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2053

    Market Valuation

  • Market Total Value: $5,995,964
  • Market Land Value: $2,160,496
  • Market Improvement Value: $3,835,468

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,574,627

    Sales

  • Current Sale Contract Date: Mar 08, 2023
  • Current Sale Recording Date: Mar 17, 2023
  • Current Sale Transaction ID: 11904708186
  • Current Sale Price: $7,500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 184224
  • Previous Sale Recording Date: Jan 19, 2022
  • Previous Sale Contract Date: Dec 23, 2021
  • Previous Sale Amount: $6,000,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: FIRST HORIZON BANK
  • Previous Mortgage Transaction Date: Jan 19, 2022
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $2,995,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2052

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
7 Baths
4,625 ft²
$2,108/ft²
$9,750,000 Sep 26, 2023
$9,750,000 Jan 17, 2024
$1,799/mo
House
6 Beds
7 Baths
5,928 ft²
$1,274/ft²
$7,550,000 Apr 30, 2023
$7,550,000 Dec 13, 2023
$3,100/mo
House
6 Beds
7 Baths
4,441 ft²
$2,032/ft²
$9,025,000 Sep 23, 2023
$9,025,000 Jan 29, 2024
$7,326/mo
Condo
4 Beds
5 Baths
4,109 ft²
$2,227/ft²
$9,150,000 Aug 7, 2023
$9,150,000 Jan 30, 2024
$4,087/mo
Condo
4 Beds
5 Baths
3,550 ft²
$2,500/ft²
$8,875,000 Oct 2, 2023
$8,875,000 Mar 26, 2024
$10,251/mo
Condo
4 Beds
4 Baths
3,140 ft²
$2,707/ft²
$8,500,000 Jan 29, 2024
$8,500,000 Apr 2, 2024
$8,766/mo
House
4 Beds
5 Baths
2,767 ft²
$3,892/ft²
$10,770,000 Jul 6, 2023
-
$6,901/mo
House
3 Beds
3 Baths
2,395 ft²
$4,969/ft²
$11,900,000 Jan 29, 2024
-
$8,226/mo
House
Stu
-
3,390 ft²
$3,540/ft²
$12,000,000 Jan 16, 2024
-
$19,826/mo
House
3 Beds
4 Baths
1,792 ft²
$5,301/ft²
$9,500,000 Mar 12, 2024
-
$1,255/mo
Other
Loft
-
-
$10,900,000 Nov 22, 2023
-
$7,078/mo
Land
Loft
-
-
$12,000,000 Feb 16, 2024
-
$13,470/mo

About Star, Palm and Hibiscus Islands


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Frequently Asked Questions

When was property at 420 North Hibiscus Drive built and last sold?
The property at 420 North Hibiscus Drive was built in 2019 and last sold on Mar 8, 2023 for $7,500,000.
How much is this home worth?
The estimated value of the home located at 420 North Hibiscus Drive is $11,463,500.
What are some comparable homes to 420 North Hibiscus Drive?
Homes that are comparable to 420 North Hibiscus Drive include a house property at 316 South Coconut Lane, 306 South Hibiscus Drive, 1386 South Venetian Way.

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